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Chancellor Kwarteng Goes for Growth in New UK Economic Plan (1)

Sept. 22, 2022, 9:30 PM

With expectations of tax cuts and sweeping deregulation, businesses are likely to be a big beneficiary of Kwasi Kwarteng’s mini-budget on Friday.

That prospect is leaving even some in the City of London uneasy.

“I’d love to see corporation tax come down, everyone would, but we have to remember we have a massive debt here that has to be repaid at some point,” said Alasdair Haynes, chief executive officer and founder of stock platform Aquis Exchange Ltd.

For now, there’s little sign of such concern in Westminster. Prime Minister Liz Truss has flagged an “unashamedly pro-business” agenda and ...